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>>abirached: this week on world business... >>toyota lost its worldwide reputation for reliability after this year's humiliating recalls. so canthe company recover and if so how? >>sales are down, the brand perception is down . . . they are already worried about how their image will be impacted in china. >>a new take on teaching - the education entrepreneurs shaking up the school system in the us >>things that the old system perhaps took for granted and didn't challenge the new entrepreneurs arestarting to challenge. >>and how one man and his dog changed the fortunes of a tiny cheese factory in northern england >>grommit, that's it, cheese. >>abirached: hello and welcome. i'm raya abirached and this is world business, your weekly insight into the global business trends shaping our lives. so far 2010 has been a disastrous year for toyota,with mechanical and electronic faults plaguing its vehicles, including steering problems, sticky gas pedals, suspect brakes and runaway electronic throttles. so what went wrong with this flagship japanese company and can toyota recover? >>reporter:
. >>> more trouble for toyota. the automaker stops selling one of its luxury brands over safety concerns. >>> and against all odds. a florida girl, missing for four days, is found in an alligator-infested swamp. >> i burst, i ran in and told my alligator-infested swamp. >> i burst, i ran in and told my wife, and gosh. captioning funded by cbs >>> good morning, thanks for joining us, i'm michelle gielan. a series of strong and deadly earthquakes struck western china this morning. at least 300 people are dead, thousands of others are injured and unaccounted for. they're buried under collapsed buildings. peter sharpe of britain's sky news reports from beijing. >> reporter: this was a particularly strong earthquake. it measured 6.9 on the richter scale, and it struck at one of the most remote, inhospitable and rugged parts of china in the west of the country. it was followed, the first earthquake, was followed by 18 aftershocks. and the local residents were reduced to scrambling through the rubble using their hands and shovels in the first hours after the quake, trying to reach hundreds, tho
la culpabilidad y los móviles racistas del acusado. >>> la toyota, con más problema rs la lexus tendría problemas de estabilidad se recomienda no comprarla 6789 6789 este es su noticiero univision con jorge ramos y desde méxico maría elena salinas . >>> qué tal, buenas noches el gobierno mexicano no iba a revelar, pero se filtró un informe indica que más de 22 mil personas han muerto desde que el presidente calderón lanzó ofensiva, el año pasado ha sido el más violento el problema no cesa y como nos dice edgar muñoz entre los nuevos objetivos están los consulados en méxico. >>> luego del estallido de una granada que causó cristales rotos en ventanas y susto de empleados la noche del viernes pasado >>> gracias a dios lo abrieron y aquí estamos tenemos cita a las 11 ahorita. >>> carlos pascual embajador de estados unidos en méxico dijo que aún no se ha dado con los culpable y que el gobierno mexicano reforzará la seguridad. >>> podamos mantener la seguridad del consulado no solamente para el personal y también porque vienen cientos de mexicanos todos los días p
those words with an announcement that it will seek a fine against toyota of $16 million for failing to notify officials . starting as off is dave shepardson of "detroit news." many people saw the headline -- regulators seeking a fine of $16.40 million against toyota. the statement said "if upheld." why does it say that? >> toyota gets to formally denied decide whether it wants to appeal the fine. this is by far the largest ever find that nhtsa has sought to impose. the previous was $1 million against general motors in 2004. the amounts are symbolic, given that these are companies with hundreds of billions of dollars in revenue. $16 million is a rounding error for them. >> what happens next? have you heard from toyota? if it goes to court, how long would the process take? >> toyota has two weeks to respond and say they will pay the fine or challenge it. nhtsa has to decide if it is going to uphold the fine. if toyota continues to challenge it, they will go to the district court to get a job to uphold it. that process could take several months if toyota decides to fight it. >> the tra
that toyota is fined by the federal government of $16.4 billion for not notifying them, and that is the largest fine ever. so we are seeing a dip, but there are recovery in shares of toyota, but nonetheless, that is a significant story, and again, wrapping up the headline, the dow jones industrial average inching so closely to dow 11,000, a place it has not been since september of 2008. however, it with elusive on this day, maria. >> thank you, scott. a big day for energy. oil prices surging past $86 a barrel, and heavy volume as well, and here is sharon epperson at the nymex with that story and this is another one that won't quit, sharon. >> right. since october of 2008 have we seen prices at these levels. when you look at oil prices over the last week and month, you will see how we broke out of the recent range and decidedly so and where are the oil prices headed? well, almost every analyst says little technical resistance to where we are to $90 a barrel. you add to that the fact of positive economic data on jobs and pending home sales today and service sector and man
submitted. >>> more trouble for toyota. this time it is the lexus suv, the gx-460. tara mergener reports that this time the company is taking quick action in order to fix the problem. >> reporter: toyota moved very quickly this time. this after the auto giant was harshly criticized for not moving fast enough on accelerator problems. now the company has stopped selling its high-end suv just hours after a consumer report's warning. >> the last time that we advised the consumers didn't buy a car because of a safety risk was in 2001. so we don't do this very often. >> reporter: the issue is handling. consumer reports found during emergency handling tests the gx- 460's rear end swings out wide but the stability control system took too long to bring the suv under control. four testers experienced the same problem. >> if this happened in a real road situation on public roads the rear tire could hit the curb or slide off the pavement and this could lead to a rollover. >> reporter: toyota says about 6,000 of the 2010 model gx-460s have been sold and the engineers are vigorously testing the vehicl
by toyota. toyota, buy right the first time, you'll save more in the long run. now, back to you. >>> let's go to the -- let's go to the ronster, ron matzs. >> don and marty. -- [talking over each other] >>> right across from the matthew's pizza. this is the creative alliance and what a great venue and so many shows going on here. and this morning, the collective dance troop behind me, a big show coming up. prescott, what's the deal. >> well, we have a show coming up friday at the creative alliance, that's the 16th at 8:00 p.m. and the collective will dance and make props and scenery. >> and excellent. heather, how are you. i'm great, how are you. >> are people going to see improve and dance. yes, and we do it and with style and the collective is good at dancing and great at improve alsoful. >> i've been watching you, let me tell you something they're phenomenal. i'll throw out a location, a place and we'll do improve. here's the location, a gas station. check this out. >> there's so much pollen, i've been washing the windshield for days. [sneezing] >> oh, next time can we just get a lime
. police say that a toyota truck collided with a compact car. the driver of the car died at the scene. the driver of the truck has been taken to shock trauma. no word on what caused the accident. four city firefighters are recovering with a pair of fire trucks collided. they were making their way to wait to doubt -- two-alarm fire. charges have been filed, brittany garcia torched her boyfriend's apartment in the 3900 block of liberty avenue last week following an argument. she faces 24 counts. coming up, china is had by major earthquakes. a look at more of the damage as we cover the world. still being called a miracle, we will hear the story of - are you chronically ill and can't work? are you mentally ill and can't work? are you physically disabled and can't work? then the law firm of disability associates should be working for you. for years, disability associates has been working with our clients to get them the social security benefits that they deserve. don't be just another client at another law firm. - depend on disability associates because social security disability law is al
a decade since they evaluated any vehicle this poorly. yet another black eye for toyota. >> that's right. >> it, of course, is the parent company. >> this is a rare and very direct warning for buyers and owners of the lexus gx 460. about 5,000 cars have been sold. consumer reports says do not buy this car. they found significant and severe rollover risk during turns. they do all of these controlled testings, four different drivers found the same problem. they got another vehicle, found the same problem on this one. they say it is not isolated. it is a problem with the electronic stability control system. it manages the brakes and the steering together. so if you're going up an off ramp and there is some sort of an obstacle, you turn quickly, there could be a real rollover risk for people with this car. if you have this car, they say be very careful on any on ramps or off ramps because they're very concerned about the stability of the vehicle in those circumstances. take it to your toyota dealer and demand a fix. if you don't own this car and thinking about it, consumer reports in a very
recordadas las vÍctimas de oklahoma. toyota promete pagar $ 16 millones por sus autos. venezuela cumple 200 aÑos de independencia y se prepara para la reuniÓn del alba. los cielos vuelven a abrirse poco a poco al trÁfico aÉreo. ♪ >> Éste es noticiero univisiÓn Última hora. >> muy buenas noches. le saluda martÍn berlanga, es considerada la medida mÁs severa tomada de estados unidos, probaron una polÉmica ley. enrique nos tiene detalles sobre esta ley. >> para muchos en arizona hoy fue un dÍa fuera de y desolado. >> va a traer muchas consecuencias, que es lo que va a pasar? va a destruir a muchas familias. >> la votaciÓn al mediodÍa de la propuesta para todos estos activistas representÓ literalmente la muerte a los derechos civiles de la gente y todas sus esperanzas por un mejor futuro para el estado. >> ya marchamos hicimos todo pero parece ser que necesitamos otro tipo de acciÓn, necesita haber en el estado de arizona. >> desde lÍderes comunitarios hasta simples residentes se congregaron aquÍ afuera del capitolio. >> serÁ algo muy...algo que va a permitir a los oficiale
over your bags. >>> and plus, toyota's troubles are far from over tonight. the carmaker is forced to pay for the accelerator problem and issuing another major recall tonight. >>> five days since a earthquake claimed thousands of lives in china. an amazing story of survival. meet the victims pulled from the rubble alive. >> keep it right here. ♪ my subaru saved my life. i won't ever forget that. love. it's what makes a subaru, a subaru. >>> two top al-qaeda leaders have been killed the iraqi prime minister announced their deaths today. they were killed in a tikrit in a joint operation between american and iraqi forces. u.s. military officials say this is significant, a significant blow to the terrorist group. >>> remembering the victims of the oklahoma city bombing 15 years after the attack. an attack that shook the nation. 168 men, women and children were killed when timothy mcveigh set off a massive truck bomb in front of the alfred p. murrah federal building. we have more on the touching memorial. >> catherine elizabeth -- >> reporter: a lone bag piper leading the procession a
of the devastation and the enduring spirit there. >>> new trouble for toyota. one group is warning consumers they should not buy a certain vehicle. >>> and lost and found. a positive outcome tonight in the kind of story that all too often doesn't end this well. "nightly news" begins now. captions paid for by nbc-universal television >>> good evening. he is a genuine american hero. neil armstrong was the first man on the moon. since those years he receded into a quiet life in america. there is no neil armstrong action figure, no chain of restaurants, and while he's walked on the moon, he's never been tempted to dance with the stars. our veteran space correspondent jay barbree exclusively obtained a letter written by neil armstrong and several other icons of the space program. it directly challenges president obama's reported plans to idle the u.s.-manned space program. astronauts armstrong, jim lovell and gene cernan write, "without the skill and experience that actual spacecraft operation provides, the usa is far too likely to being on a long downhill slide to mediocrity." and on this annive
story, safety tests now being ordered on every suv that is made by toyota. >>> the automaker insisting it wants to put customers at ease after being forced to halt sales of their high-end lexus. consumers reports warned the readers not to buy it after there was potential rollover risks. >> we are tracking the story this morning. you brought us earlier in the week, when we last left, toyota hadn't weighed in. >> toyota has learned a tough p.r. lesson. auto giant moving quickly after the highly respected nonprofit group, consumer reports, warned their readers not to buy the gs-460. a potential stability problem with the $52000 suv. the vehicle's rear end repeatedly slides out in tight turns posing a risk for rollovers when exiting a highway. toyota is ordering tests on all of their suvs to determine potential problems. the company denying published reports in japan that it is recalling the 2010 gx-460. if you do own one and you are nervous about driving it, toyota is offering a free loaner car until the problem is fixed and identified. the big problem is that the company says, quote, the
this time of year. >> still to come, a worker at toyota risks his job sending a letter to the company's president warning about possible safety problems. hear how the company responded coming up next. i've been growing algae for 35 years. most people try to get rid of algae, and we're trying to grow it. the algae are very beautiful. they come in blue or red, golden, green. algae could be converted into biofuels... that we could someday run our cars on. in using algae to form biofuels, we're not competing with the food supply. and they absorb co2, so they help solve the greenhouse problem, as well. we're making a big commitment to finding out... just how much algae can help to meet... the fuel demands of the world. if it's not there are over 50 international awards we'd better give back. the jaguar xf. the critically acclaimed result of a very different way of thinking. i want to fix up old houses. ♪ [ woman ] when i grow up, i want to take him on his first flight. i want to run a marathon. i'm going to work with kids. i'm going to own my own restaurant. when i grow up, i'm going to
information about the toyota recall. what did executives know and when? this thing is growing and we'll have it for you next. identity theft, one of the fastest growing crimes in america. even if you think you're doing everything right, and hiding that social security number, you must still give it to your employer, your doctor, your accountant, insurance, school. the list goes on and on. and the identity thieves know who you must give it to. that's who they target. if they can get your personal information... they can turn it into money. basically you're on your own. you really don't know where to turn. the bank can only, you know, make sure the credits go through. fifty-eight different individuals are using... my old social security number. but there is one place you can turn... for real protection and real peace of mind. lifelock. a member called in and i could tell... that it was going to be a serious conversation. there had been two mortgages taken out in his name. he didn't have the time or the money... to take care of this problem and lifelock did it for him. lifelock is proactive pro
-mail that has surfaced. the e-mail was written by a now retired toyota executive. it it raising new questions about toyota's response to safety problems with its vehicles and we get the details now from phil lee bow in chicago. >> another damaging piece of information regarding toyota and whether or not it was dragging it's feet in terms of alerting the public for 2.3 million vehicles, the damaging information comes from this company e-mail cents from an executive five days before the company rrled 2.3 million vehicles. in the e-mail irv miller, who retired from toyota, says i hate to break this to us, but we have a tendency for mechanical fail near accelerator pedals off a certain manufacturer on certain mol models. we need to come clean. the worlds "come clean" are getting a lot of attention. it was sent five days before the recall on january 21st. within the last week toyota fined 16 plt 4 million just under 16.4 by the department of transportation for being slow in alerting authorities to the recall of the gas pedzals. the d.o.t. says they hid the defect. toyota says we understand the con
into what caused the blast are under way. >> we have some news of an important decision by toyota. the company says it will stop selling alexis suv because of rollover concerns. "consumer reports" issued a rare label not to buy the vehicle for the 2010 lexus gx 460. the magazine says it has handling problems that could cause it to roll over during sharp turns. toyota will conduct its own testing and is alerting current owners about the problem. >> coming up, the first lady's first solo trip includes a special stop in haiti. >> and a common mistake that could delay it millions of tax returns. >> first, another warm up is on the way. we will have some sunshine possibly today. brian van de graaff will tell you. traffic and captioned by the national captioning institute --www.ncicap.org-- >> we have a soggy start to the day, especially west of 95 spirit up and down to 70, 66, 70. if and east of interstate 81 corridor. once the skies cleared last night, it turned into a fog. the sky is done in a lot brighter as the sun is getting ready to rise. not very foggy in alexandria. there is a
. >>> we're also going to have the new announcement from toyota about its suvs after this latest report of a possible rollover hazard in one of its most expensive lexuses, new in the next half hour. >> all of the freebies we talked about that you're going to get because you did your taxes today we have them listed on our website that's cnn.com/robin. >>> do you need a little help getting out the door on time? you might want to sign up for my free wake-up call, another free thing today. dial 1-800-robin-hln, tell me what time to call. it will be me on the line. >>> if you hate taxes there's no bigger day than today. the tea partiers have big plans all over the country, they're also naming the politicians they want out of office. >>> plus there's no car on the road like this one. how soon before you can buy it? - hello! - ha! why don't you try a home cooked meal... with yummy hamburger helper? oh! tada! fantastically tasty, huh? ummm, it's good. what would you guys like? hamburger helper. what?! one pound... one pan... one tasty meal! 's a youing ic lowi kn [ male announcer ] t1-25[ 4 tht
a helicopter and walking tour of the widespread damage. >>> time is 4:38. more troubles for toyota. the new problem that has it pulling another vehicle out of the showroom. >>> a woman assaulted near a busy metro station. a man was able to attack her without anyone seeing. >> do you need your umbrella? we'll have your weather and traffic after this break. >>> and a good wednesday morning everybody. middle of the week is finally here. it's 4:41. i'm news 4 meteorologist chuck bell. yesterday had plenty of clouds and rain showers around. not a whole lot of rain, ended up between .1 and .25 inch. a little less out across northern virginia. temperatures this morning martinsburg in the 30s now, 36 in martinsburg, 34 hagerstown, 39 in fredricks and skies tried to clear out. as a result early this morning we have patchy dense fog to watch out for. temperatures will climb into the high 50s and low 60s with the return of sunshine by mid to late morning. jerry. >> chuck, hopefully the sunshine will wear off some of the fog. in some areas very dense. capital beltway off the wilson bridge had overnight
of the reports recommendations. >>> toyota engineering in japan work around the clock to fix new problem was the new lexus. consumer reports gave it a don't buy rating saying could cause roll over during turns. toyota hopes the magazine will retest it and lift the negative rating. there is no word on a recall but toyota is offering loaner vehicles to anyone who bought one of the suv's. >> now, the forecast certified most accurate by weather radar and maryland's most powerful radar. >> if you thought today was nice you haven't seen anything yet. >> i think so. we need to sort of savor a few of these cool spring days because we know what's coming. soon the heat and humidity. we got a taste of that a few weeks ago. we are warming up. in to the 70s friday. little rain to start the weekend. the second half looking good here. let's give it the details. right now out of pwi. we have 48 degrees right now. that's a cool april night. pressure still very high. 30.44. take a look at day that was rather nice for late april. sunset in downtown baltimore. beautiful blue hue to the sky. mountain not
. >> all right, rafael, thanks. >>> earnings buzz, palm gets gobbled an yet another toyota recall. your early morning headlines are straight ahead. >>> plus, she finally speaks and tells all, actually even more than you might have expected. >>> the bucks have one for the road, china's loss is america's gain, and a giant collapse in washington. you're watching "early today." >>> hi, everybody. good morning. yesterday a divided supreme court refused to order the removal of a world war i memorial cross from government land in california's mohave desert. a lower court had found the cross violated a constitutional ban on government endorsement of religion, but in yesterday's 5 to 4 ruling the high court said the cross can stay with justice anthony kennedy writing, quote, the constitution does not oblige government to avoid any public acknowledgement of religion's role in society. >>> the republican party could soon lose a party member. florida governor charlie crist will reportedly announce today he's running as an independent for the senate in november's election. the expected switch sets t
. toyota is facing a record fine by federal officials. the national highway traffic safety administration wants toyota to pay more than $16 million. the agency says toyota failed to notify federal safety officials by that pedal defect in its cars. one airline is getting into the spirit of charging more. spirit airline announcing passengers will soon have to pay for carry on luggage. it will cost $45 to bring a bag on board that can't be stowed under a seat. next week china's president will be visiting the states and americans will be paying their taxes. form labor secretary is here. so let's kick it off here with jobs, obviously the biggest problem facing the economy here in america. you're the former labor secretary. what should the government be doing right now to help businesses create those new jobs we're looking for? >> well, small businesses are the major creator of jobs in america. they are having a hard time getting credit. one thing the government can do is simply to help the banks, regional banks, smaller banks, the sort that small businesses use to get credit to those small bus
, the united states transportation department plans to fine toyota $16.4 million for alleged safety violation thchlt has to do with when the federal government was notified about a potential problem with acceleration. the law is that they must be notified within five days and toyota said they notified them in a prompt fashion, but clearly this fine has to do with fact that toyota did not notify them quick enough, and they knew about the problems months before they took the steps necessary to notify the united states government. this is the largest fine against a automaker, and 16.4 million, that toyota failed to notify regulators promptly about the pedal defect, and it took them months, and you are supposed to do it within five days. >>> we saw the stock reacting as you were talking, phil, but it is now flat on the session. but certainly, as you were talking, we had a move from positive to negative, and now it is positive again, actually moving higher. >> huge implications here, maria, for the shareholders as far as opening up toyota for greater liability problems in terms of civil cases. thi
and the protests are headed to our area. we'll explain. >>> more reaction from toyota following the latest setback. we'll have more. ♪ my subaru saved my life. i won't ever forget that. love. it's what makes a subaru a subaru. >>> toyota says engineers are working to correct the stability problem on the 2010 lexus gs 460. because of rollover danger, the magazine consumer reports slapped a do not buy rating on the truck. toyota immediately stopped selling these models in the united states. toyota says it does plan to testing the safety of all of its sport utility models one more time. >>> a 9-11 style terror plot has been uncovered in iraq. u.s. security officials say iraqi forces kept it from happening. they arrested two men who are allegedly part of al-qaeda in iraq. they weren't far in their planning but they did apparently plot to hijack airplanes and target crimes. >>> michelle obama met with her mexican counterpart yesterday. this is bels obama's firefighters solo foreign trip. next month, president obama and the first lady will hold a state dinn
it could be cloudy and cool on saturday, but nice. >> the toyota sports desk, brought to you by your local toyota dealers-- moving you forward. >> the national had a good weekend. >> yes, they want it to out of three. the mets are playing the phillies this afternoon. it is a big difference. hamill's throws a fastball. he gets a lot of it. it was 1-0 nationals. the police carried a lot of momentum from the weekend. -- the phillies carried a lot of momentum from the weekend. they went on to beat washington this afternoon, 7-4. there was a lot of buzz about the minor league debut of a picture yesterday. he was blowing smoke. he got his first win as a major league baseball player. for hockey fans, the caps had the day of they will be back thursday night. today, their coach said the canadians are a tough opponent. >> they have played as a very tight. they're very competitive against thus. montreal is an emotional team and they are going to lift their game up. >> for golf fans, the final round of the masters was the third highest rated master's ever. tiger had a number one and two, but then came
to the financial disaster. and the story behind toyota getting slapped with a huge $16 million fine. but first the morning top headlines. >> the futures are indicating that we'll have a slightly weaker open. we had a rally yesterday. we had a move higher crosses 4% but right now it suggest as slightly lower open. australia central bank jumping by 25%, a 14-month high. also signalinging future moves in the future. an explosion ripping through a west virginia mine owned by mass see energy. four miners are still missing underground. they have a history of safety violations. three fatalities since 1998 and a worst than average injury rate during the last ten years. they are the largest coal producer in central ap lach cha. luds gud mob are you aglet's ge more reaction. david, good to talk to you. have you been given -- has the analyst community been informed by anything in the last 12 hours or so as a result of the mining accident? what can you tell snus? >> the company put out a press release to confirm the explosion and the deaths and that's pretty much it. i think right now we expect them to te
a key driver here. toyota was offering big incentives. a toyota auto executive said his company sales rose by 40% in march. hyundai says it u.s. sales rose as much as 18% last month compared to the previous year. auto nation's ceo will join us in the next hour and we'll learn more about what he's learning in terms of car sales. >>> meanwhile, tim geithner says the u.s. economy is still in a tough spot, but slowly on the mend. he saw down with nbc's matt lauer. >> you'll start to see businesses across the country start to add to payroll again. that's going to come -- the economy is growing now. that's the first step. but with growth, more jobs will come. but the unemployment rate is still terribly high, and it's going to stay unacceptably high for a long period of time. it's going to take a long time to bring it down just because of the damage of the recession. >> in a meeting yesterday in pen ben, geithner read with steelmakers. next week, he leaves for a trip to india. >>> we want to get a check on the markets as we begin the second quarter. wow, futures are looking pretty good here
into the explosion. >> we have some news of an important decision by toyota. it says it will stop selling a lexus suv because of rollover concerns. consumer reports issued "don't buy" label for the 2010 gx460. toyota says it will conduct its own tests and is alerting current owners about the potential problem. >> the first lady's first solo trip had a special stop in haiti. we will have the latest. >> also, a desperate plea for would-be parents after the international adoption controversy. >> temperatures are all the way back up. it's 5:00 07. -- >> good morning. adam caskey, live in alexandria at founders park. it's a little foggy, but there's not that much at this location. elsewhere it is pretty foggy. a good look at to the sunrise in about an hour-and-a-half. it's 48 degrees in alexandria. some chilly numbers out there. out west and a north, winchester is 39 degrees. frederik, 39. ashburn is 40. in the district we are checking in at 44. it is a cool start to the day. dense fog advisory west of 95 until 10:00. otherwise a lot of sunshine today. mid 60's. seven day tomorrow -- 70 tomorrow. >> lov
the transportation department wants to fine toyota for allegedly hiding gas pedal problems from safety regulators. >> tom: susie, the proposed fine doesn't sound like a lot of money for the world's largest automaker, but it's the maximum allowed by law. >> susie: tom, it's also the largest civil penalty ever issued to an automaker by uncle sam. the transportation department says toyota didn't notify the government about its sticky pedal problem for four months. automakers are required to notify regulators of a possible defect within five business days. more than two million cars in the u.s. were recalled for that problem. toyota has two weeks to respond to the proposed fine; so far no comment from the company. meanwhile, some "braking" news from general motors. after those problems at toyota, g.m. is now promising brake override systems on all its vehicles within two years. the move is in anticipation of stricter u.s. regulatory standards. the override system cuts power to the engine when the brake and gas pedals are pressed at the same time. right now, only a handful of g.m. vehicles have this f
by toyota. we've got more it, though. >>> it's been more than a month since former new york congressman eric massa resigned from office and left washington. today we are getting new details about just how bad things reportedly got for his staffers in his office. "the washington post" reports that massa's aides repeatedly complained to senior staff, alleging that massa touched them in a sexual manner or made sexual overtures, including expressing desire to have sex with one of the men in the office. this as the house continues to investigate the allegations against the former congressman. nbc's luke russert is on capitol hill. luke, why are we learning such specific and quite honestly to some, disturbing, allegations now? >> reporter: well, tamron, it's quite interesting. what a lot of members said to me who are close to the situation about a month ago, is once you get some real investigative reporting into eric massa, you're going to have a real big problem. all sorts of allegations are going to come out. that is, in fact, what happened today with the amazing report from the "washington post
flying, toyotas. >> the big icelandic volcano. it is called eyjafjallajokull. it blew up in iceland. the cloud is drifting to new york. they say the air quality of the city is improving. iceland has shut down air travel all across europe. apparent pli, they dumped too much baking soda and vinegar into the thing and it just won't stop erupting. 63,000 flights have been canceled. an estimated 40,000 americans are stuck in europe right now because of the ash cloud. president obama had to cancel his trip to poland. this morning, he said he hopes the volcano will stop smoking soon and the volcano said the same thing about him. >>> rob marciano, not a lot of people laughing that we are hoping to get to weddings, honeymoons, funerals, you name it. >> not to mention the economic impact of all this. >> farmers are suffering because they can't get their stuff in and out. >> you know what makes it so complicated and so unpredict ability, when you go to the surface to 30,000, 35,000 feet, the winds change direction and speed at every level of that atmosphere. so you just don't know where the as
gains we had yesterday. we had toyota in focus yesterday. moody's cutting the, elsewhere in shanghai, the composite, 1.1% lower. we're seeing more measures, fresh measures by the government to cut circulation. that is weighing on the index there. the hang seng down 0.3%. in south korea, the kospi sliding 0.4%. the bombay sensex rising to the up side, up 1.3%. and the australian market down almost 1%. how is all this impacting the ftse cnbc global 3 hunl index? let's check to see how that is faring in light of what's happening in the equity market. we are waiting for it to come up. just give us a little bit of time so far. nicole, it is one of those things on a thursday morning. what can i say? >> i like to call it a friday eve, christine. it makes it sounds a little better. regardless of the charts, let's take a look at what we're seeing in the united states. lower across the board with dow futures down about 8 below fair value right now. excuse me. they are a little bit lower, actually. so are nasdaq futures and s&p 500 futures. we have about 100 of the s&p 500 companies reportsing
in from the associatedded press and news core, our wire service. toyota is about to get slapped with a big fine. toyota motors is accused by the transportation secretary ray lahood of knowingly hiding a dangerous defect for months, not taking action to protect the public and the united states government is seeking a fine against toyota for 16 -- let's see, $16.4 million. the accusation is that toyota hid this sticking pedal defect. they knew about it and hid it for months and as a result they should pay a fine. this is from the transportation secretary ray lahood. we've spoke spoken to our and drew napolitano and he says this is a small fine considering the damage caused. 2.3 million vehicles recalled and accusation people decide as a result but nothing has been found yet. the judge says they should pay it right away because it's a small fine and if they don't, the united states government will sue them to demand they pay $16.4 million, toyota motor company to the united states government as fine for not telling folks about the sticky pedals. >> the butler bulldogs in indiana tips off agai
the purpose was to recover commitment to the effort in haiti. >>> and many toyota customers uneasy and so what is the company doing to ease customers. we'll talking to the general manager of toyota electronics next. >>> and a missing girl was found in florida. we'll have the details coming up. >>> welcome back. another big story we're following this morning, more bad news for toyota. it's upscale lexus suv was hit with a safety rating so bad that consumers are being told not to buy it. consumer reports gave the lexus gx 460 a don't-buy rating. the group says the vehicle's electronic traction control doesn't react fast enough and can't stop the vehicle from rolling over. it's the first time in nine years the group has issued that warning. this is the latest in a string of issues the auto giant is working to fix. the company said it is committed to vehicle quality and safety and trying to rin back customer trust. joining us is general electrical engineer for toyota. and let's talk about the latest thing to crop up. consumer reports telling consumers not to buy this vehicle until they fix it. wha
. chris? >> chris: shannon, thank you. more bad news for toyota. and the economic news of the day is mixed. details in three minutes. why do women like you love activia light? sometimes i have no choice but to eat on the run... and to eat whatever happens to be around. heavy greasy food that's hard on my diet... and my digestive system. so i eat activia light every day. activia light, with bifidus regularis is clinically proven to help regulate your digestive system. mmmm. the new taste is better than ever. and with only 70 calories activia light helps make it easier to watch my weight. it helps me feel good and look good too! ♪ activia! you've got to try it, >> chris: on the road to recovery, first time jobless claims are up. but so are retail sales? fox business correspondent jerry willis looks at the numbers. >> consumers are opening their wallet. the evidence showing today the economic numbers, sales at chain stores across the nation jumped 9% in march with some of the retail showing double digit gains, gains so big that it got wall street off-guard. it didn't hurt the spring weather
: shannon, thank you. more bad news for toyota. and the economic news of the day is mixed. details in three minutes. jobless numbers jumped to five-week high. >> it's all about labor. at the end of the day, if a consumer feels the job is secure and incomes are going up, they will continue to spend. >> that is not the only head wind consumers are facing. interest rate and gasoline prices are on the rise. the retail sales for march were abliss, as they say, only time will tell. in new york, gerri willis, fox news. >> chris: stocks were up today. the dow gained 29.5. the s&p 500 picked up four. nasdaq finished ahead 5 2/3. ♪ >> chris: in this era of burgeoning budget deficit, people in many states are bracing for tax increases on everything from soda to hairstyling. correspondent anita vogel is tracking your taxes from los angeles. >> reporter: cities and states across the nation are deep in the red and desperate to raise some cash. that means raising taxes. everything from candy and soda to blueberries is being targeted. in washington state, they really want to soak joe six pack for posing
. >> thank you for having me. >>> after a couple rough months, toyota is trying to get back on track. but new problems are popping up like pot holes almost daily. so many of you drive toyotas out there and you want to hear the latest and meet a company whistle blower. that's next. but don't worry. he'll find someone else. ♪ who's that lady? ♪ who's that lady? ♪ sexy lady ♪ who's that lady? [ female announcer ] used mops can grow bacteria. swiffer wetjet starts with a clean pad every time. and its antibacterial cleaner kills bacteria mops can spread around. swiffer gives cleaning a whole new meaning. ♪ lovely lady [ male announcer ] competition... it pushes us to work harder. to be better. to win. but sometimes even rivals realize they share a common goal. america's beverage companies have removed full-calorie soft drinks from schools, reducing beverage calories by 88%. together with schools, we're helping kids make more balanced choices every day. ♪ so, doctor... so, doc, i've been... i've been thinking... no. you know how... no. so, doc, i've got this friend... [ male announcer ]
. detectives questioned him about the rescue and they're calling him a hero. >>> toyota is telling dealers to stop selling the new lexus gx460 for now after "consumer reports" said it is not safe. jennifer westhoven, what is the latest? >> thanks, natasha. the latest, toyota is going to temporarily stop selling this expensive suv that's been called a safety risk, asked dealers to stop selling the new 2010 lexus gx460 after "consumer reports" said don't buy it, afraid it wasn't safe enough to drive. the magazine rarely says don't buy about any kind of a car, hasn't done that in almost ten years but it was concerned. they took it through a lot of test drives and concerned on a tight turn like an exit ramp or on a turn and there was an obstacle and suddenly you had to brake there were concerns it was too likely to rollover. toyota and lexus are determined to identify and correct the issue that "consumer reports" identified." >> jennifer, thank you very much. >>> we've got brand new video of the little boy sent back to russia by his adoptive family in tennessee. the boy will celebrate his eigh
day now. plus the aggressive incentives toyota is putting out there. are they going down the same road that, well, hey, look, gm would not say that was such a wonderful road, was it? should toyota beware? and here are your morning movers. still hovering shy of 11,000. your biggest mover today is celgene and amazon on the move. we'll be back. >>> 45 minutes into the trading day. the dow up more than 10% since the february lows. boeing, du pont and disney, the biggest gainer on the blue chip index. auto nation, one of the best performers on the s&p. the company boosting earnings guidance for first quarter. and las vegas sans, u.s. steel, also hiting fresh 52-week lows. matt nesto told you yesterday about success in mccaw. we talked about las vegas sands. what else you got going on today, mr. nesto? >> let me talk about some of the upgrades, you mentioned the dow leaders. only eight stocks higher here today. du pont, pfizer and disney get upgraded this morning. du pont goes to neutral. off the underperform list at ba meryl this morning. you can see it is up .6%. pfizer, jpmorgan, is sayin
magazine warned its readers not to buy the lexus 2010 gx 460. that's because of rollover dangers. toyota owns the lexus brand and the lexus gx 460 owners can get a loaner car while the company figures out the problem. the national highway transportation safety administration will also conduct tests on that vehicle. >>> today thousands of people are using tax day to show their frustration with the government. they are headed to washington for a series of protests and rallies. live look now at the washington monument where one of those demonstrations is scheduled to take place later this morning. news4's tracie potts reports. >> reporter: amid today's last-minimum tax rush the irs admits it's already overpaid almost 30 million in refunds over new tax credits. >> the tax man cometh. next few years, will he be coming with a vengeance. >> reporter: taxes are lower this year but experts say expect them to go up as the government trace to cover massive deficits. president president obama is trying to get wall street to do their part. >> expecting taxpayers to bail them out when things go sour i
. >> let's talk about the car industry and toyota took a big hit today in what respect? >> ok. transportation secretary ray lahood said toyota, you knowingly hid a dangerous defect. the sticking gas pedals. you're fined $16 million. the lawyers are going to have a field day with this. now, the government says you knowingly hid a dangerous defect. the lawyers have already sued. now they're going to say you covered it up. this could push toyota closer to a mass settlement of all these lawsuits and it will be very, very expensive. this is what could happen. >> one of the problems is the fact that they didn't have a recall months ago. they had to wait until it became a huge public outcry. the government says toyota, you should have reported this in five days. you took four months. that's a delay. you knowingly hid a dangerous problem. >> hold on, stu, because the government now owns most of general motors and chrysler. >> there is self-interest here. >> it is a conflict of interest, though, for the government to be fining toyota because some could argue, well, we kind of went the
targeted apartments and other residential buildings. >>> toyota's facing a record fine, more than $16 million for not telling officials quickly enough about safety problems with sticky gas pedals. the department of transportation says toyota hit a dangerous defect for months from u.s. officials. >>> mexico's president got a firsthand look on monday at damage caused by sunday's 7.2 magnitude earthquake just south of the california border. a strong 4.9 aftershock last nightcaped a day of more than 100 smaller tremors. two people died in the quake and at least 45 businesses and about a dozen homes were destroyed in the hardest hit city of mexicali, mexico. >>> a 10-year-old pare air girl is recovering after pretty bad accident over the weekend. her thigh was impaled by a fence post as she was trying to retrieve a ball. doctors performed surgery to remove it from her leg and they expect her now to make a full recovery. it is now eight minutes past the hour. back over to you two, tamron and matt. >> she's lucky. ann, thank you. >>> let us get a check of the weather now from mr. roker. >> t
. >>> and more trouble for toyota and their luxury brand lexus, "consumer reports" saying flat-out, do not buy this car, it's dangerous and will flip over. a rare thing for "consumer reports" to do. we'll tell you how rare, after this. [ crowd cheering ] [ male announcer ] competition... it pushes us to work harder. to be better. to win. but sometimes even rivals realize they share a common goal. america's beverage companies have removed full-calorie soft drinks from schools, reducing beverage calories by 88%. together with schools, we're helping kids make more balanced choices every day. ♪ so, doctor... i've been thinking... no. you know how... no. so, doc, i've got this friend... [ male announcer ] talking to your doctor about erectile dysfunction isn't easy. actually, doc, there is something i want to talk to you about. [ male announcer ] but it's definitely a conversation worth having. twenty million men have had their viagra talk. when you're ready for yours, visit viagra.com for helpful conversation starters and to learn how viagra can help. ask your doctor if your heart is healthy eno
to fly over the volcano to get a better look at what's going on. >>> we have another toyota recall to tell you about. the car maker says it is recalling about 600,000 sienna minivans. cables could snap while driving. the spare could fall into the road and become a hazard for other drivers. but only affects siennas in cold-weather states. >>> haiti's top prosecutor denies the country dropped charges against american missionaries accused of kidnapping 33 children after january's earthquake. yesterday, a spokesman told cnn the kidnapping charges against nine missionaries were dropped. but haiti's attorney general said that is incorrect. adding that a judge will decide whether a case goes to trial or not. a senior state department official also told cnn the charges were dropped. the missionary group's leader is still behind bars. >>> convicted sex offender john gardner pleaded guilty to killing a 17-year-old and a 14-year-old. in june, he is expected to get two consecutive life sentences without the possibility of parole. his plea spares him from a possible death sentence. the families
for injuries. >>> toyota plans to pay up to the government for failing to report gas pedal problems on the vehicles. toyota expected to agree to a $16.4 million fine, the deadline to contest the record breaking fine is tomorrow. video has been incredible but the follow up from the volcanic eruption in iceland left hundreds of thousands of travelers standed. torrell brown reports. >> reporter: test flights took to the skies over europe as major airlines look for ways to get planes in the air. pilots did not report problems after flying below the cloud of ash. that combined with a favorable weather forecast, has aviation officials hopeful some flights may resume on monday. . >> tomorrow almost 50% of european space will be risk free. >> reporter: for now, tens of thousands of passengers remain stranded. some confuse aid bout whether it is safe to fly. >> it's a good question. >> reporter: many europeans are stranded in the u.s. as they wait for the skies to clear. they are not all stuck at the airport. some are coming to sea word. if some come to park with a valid airline ticket from
back, toyota puts all of its suv models under the microscope, amid some new safety concerns. >>> and our first look at the new fortune 500. which companies made the list? and which aren't quite where they were last year? st >>> despite signs that the economy is healing, foreclosure filings have hit a record high. the number of homes taken over by banks jumped 35% in the first quarter of this year, compared to last year. government programs helped to reduce foreclosures last year. but some homeowners who had negotiated cheaper mortgages are now losing their homes to foreclosure anyway. >>> toyota says it is conducting safety tests on all of its sport utility models. the decision comes after consumer reports found the automaker's lexus gx-360 to be unsafe. >>> time, now, for a check of market activity, starting overseas. tokyo's nikkei average added almost 69 points today. hong kong's hang seng was slightly lower in late trading. in london, the ftse opened higher. wall street starts the day with the dow jones industrial average at 11,123, after climbing 103 points yesterday. t
, toyota has issued yet another suv recall, this time for some 50,000 s2003 sequoias. toyota says some sequoias may be unable to speed up when necessary. >>> big news at the end of the trading day. hewlett-packard swooping in to buy the struggling smarts phone pioneer palm. the $1.4 billion cash deal sent palm shares soaring in afterhours trade. >>> reports out saying a big merger is coming between continental and united airlines. no word between either carrier but some say a deal might get done as early as friday. >>> and finally it may seem like gas prices sky rocketed overnight but for one small town in alaska, they already did. push prices in the remote town rose to $9 a gallon overnight thanks to the high cost of flying in a new supply. >>> well, the habs reach down deep for a game seven. milwaukee downs the hawks plus an olympic medal ten years late. >>> marlon byrd shows he's in season form. your early morning headlines are straight ahead. >>> we've got cool showers in the rockies. you're watching "early today." >>> hi, everybody. good morning. if you're just waking up, this is
:30. and the enforcement of safety standards, yesterday the department of transportation fined toyota for failure to correct certain problems. tonight, two former members of the highway traffic administration discussed car safety standards. they're joined by the president and c.e.o. of auto manufacturers which represents toyota. viewers can call in or tweet their questions tonight beginning at 8:00 p.m. live on c-span. >> c-span, our public affairs content is available on television, radio and online, and you can also connect with us on twitter, facebook and youtube and sign up for our scheduled alert emails at c-span.org. >> white house press secretary robert gibbs said today president obama is likely to meet with the chinese president next monday. as world leaders arrive for a nuclear security summit. the value of china's currency could be on the agenda for that meeting. more now on u.s. nuclear policy and other issues. this is 55 minutes. >> the white house will host the nuclear summit here in washington, d.c. i wanted to list for you all a couple different things. first, the 47 countries, inc
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